Word: foreignism
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Dates: during 1930-1939
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...last week when he refused to confirm the obvious fact that he was now mixing silver and oil. For the wording of his statement made it perfectly clear that he had withdrawn his subsidy in retaliation for President Cárdenas' seizure of $400,000,000 worth of foreign oil investments (TIME, March 28). The action had been taken, said the Secretary, "in view of the decision of the Government of the United States to re-examine certain of its financial and commercial relationships with Mexico." The "good neighbor policy" had given way to silver-dollar diplomacy...
...delegation of U. S. oil men headed by Standard Oil's Walter Clark Teagle formally protest to Secretary of State Hull. The effective pressure came from Britain, whose stake in Mexican oil is larger than that of the U. S. It is the theory of the British Foreign Office that if it is to be prevented, by the Monroe Doctrine, from following its normal policy in dealing with backward countries in such affairs, then the least the U. S. can do is to see to it that the natives maintain a decent regard for Anglo-Saxon property rights...
...world's biggest silver producer and its silver mines are even more important to its domestic economy than its oil fields. Thirteen percent of the Government's revenues have come from the silver industry. Silver is a major factor in its currency and in its foreign exchange. And if Mexico tries to dump its silver directly on the world market, Secretary Morgenthau can simply pull his plug...
Last fall Alaska's Congressional Delegate Anthony J. Dimond brought the controversy to a head by introducing a resolution boldly forbidding foreign vessels to fish anywhere on Alaska's 100-mile continental shelf. Grumpy Alaskans appeared at committee hearings on the bill to testify that Japanese boats had been observed within the three-mile limit hauling in salmon with four-mile nets, that aviators flying over the Japanese fleet had seen as many as 20,000 salmon piled on the decks of four fishing vessels, that at the present rate Alaska's salmon would not last five...
...conferred by the late King Albert I, was on his way (TIME, Feb. 28). In a seven-day "sentimental journey" he toured reconstructed War areas, which he had not visited since he accompanied President Wilson in 1919. After conversing with young King Leopold III, Premier Paul Emile Janson and Foreign Minister Paul Spaak, the former President left for Lille, France, two medals the richer...